Infosys is ready to follow the overall sector?

Dec 23, 2019

Infosys was hovering around a very strong resistance from past one month, in today’s move it finally gave a close above the same. If the price is able to sustain above it for a session or two the stock may be ready to scale up further. The weekly prices are above the kumo while same is seen on the daily charts too. The CS is free the prices are expected to move towards 795 area. RSI is now at 60 while MACD has moved above the zero line. Immediate support placed at 720 while critical support at 710. Buying on dips above them makes sense.